INDUSTRY NEWS

Stay up-to-date on the latest industry, member, and policy related news.

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Regulation of Dogs and Cats in Research

December 29, 2023

SB 148 and SB 149, sponsored by Sen. Polehanki and Sen. Hertel, respectively, sought to regulate the use/disposition of animals in research including mandatory reporting on numbers of animals owned, used, and released by research facilities, mandatory requirement for adoption of research animals post-use, and other restrictions and penalties. The legislation arose after an outcry…

Legislation to Enact Prescription Drug Price Controls

December 29, 2023

SB 483, SB 484 and SB 485 were introduced in mid-September 2023 that would establish a new state board – a so-called Prescription Drug Affordability Board (PDAB) – that would determine how much pharmaceutical companies can charge for certain drugs by setting an “upper price limit”. According to PDAB supporters, such a body would lower…

So Close on Reestablishing State R&D Tax Credit…

December 29, 2023

Early fall 2023 saw a package of bills introduced that would reestablish a state research & development R&D) tax credit in Michigan – HBs 5099, 5100, 5101 and 5102. Ever since Michigan moved from the Michigan Business Tax regime to the current Corporate Income Tax regime twelve years ago, Michigan taxpayers have not been afforded…

Repeal of R&D Amortization

December 29, 2023

The America Innovation and R&D Competitiveness Act of 2023 or HB 2673 was reintroduced that would repeal current rules and allow a business to deduct of R&D costs in the tax year that they occur and thereby incentivize long-term investments in innovation. Such repeal has been a top policy priority for MichBio and the bio-industry generally…

White House Announces New Efforts to Target Prescription Drug Prices

December 29, 2023

On December 7, the Biden Administration announced new efforts intended to lower prescription drug costs. While the announcement includes broader initiatives, one component would allow invoking March-In rights under the Bayh-Dole Act to license the patent rights of drugs to other biopharmaceutical manufacturers when the price of the drug is deemed to be too high. MichBio has grave…

FTC, DOJ Finalize Merger Guidelines that Could Impede Healthcare Deals

December 29, 2023

The Federal Trade Commission (FTC) and Department of Justice (DOJ) released new merger guidelines that have implications for the life sciences industry. The new guidelines may give regulators more ammunition to go after vertical and cross-market M&A that has historically been more difficult to challenge. Private equity “roll-ups” of multiple companies may also face heightened scrutiny. The…

Michigan Health Information Network Announces Appointment of Janée Tyus to its Board of Directors

December 29, 2023

Original Source Tyus brings over a decade of experience in advancing health equity, improving access to the Board EAST LANSING, Mich. – The Michigan Health Information Network Shared Services (MiHIN), Michigan’s state designated health information exchange, today announced that Janée Tyus, MPH has been elected to its Board of Directors. Tyus will bring over a decade of…

TrialAssure Uses Artificial Intelligence to Create Plain Language Summaries for 50,000 Studies Listed on ClinicalTrials.Gov

October 19, 2023

ORIGINAL SOURCE TrialAssure’s proprietary AI-technology can aid in making clinical trial results available more quickly to all trial participants and the public The equivalent of one million work hours completed in less than one day using AI in honor of Health Literacy Month Plain language summaries to be released over a five-week period by disease…

MSU researchers link auto and dairy industries to explore sustainable climate solutions

September 27, 2023

ORIGINAL SOURCE Renewable electrical energy produced from anaerobic digesters could drive EV charging stations on dairy farms EAST LANSING, Mich. — One of the next climate change solutions might be found at your local dairy farm. A team of MSU researchers are studying ways to generate renewable energy from dairy farm waste to charge electric…

TrialAssure Announces AI Generative Text Partnership with Top Clinical Research Organization MMS on New Medical Writing Initiative

September 27, 2023

TrialAssure, a leading software-as-a-service (SaaS) provider advancing clinical trial disclosure, data sharing, and transparency, announced today that it is collaborating with MMS, a global clinical research organization, on a new artificial intelligence (AI) initiative aimed at developing generative text specifically for medical writing in the field of drug development. The primary focus of this collaboration…

New Day Foundation for Families Announces New Day NEXT

July 28, 2023

ROCHESTER HILLS, MICH, July 1, 2023 — New Day Foundation for Families is proud to announce the launch of New Day NEXT, a young professionals’ group of passionate and motivated friends designed to cultivate the next generation of philanthropy, along with the group’s first event – a brunch following New Day’s 5K Run on Sat.,…

Cayman and Navinci Announce Strategic Partnership, Expanding Access to Next-Generation Tools for Spatial Proteomics

July 28, 2023

ORIGINAL SOURCE Ann Arbor, MI – 07/05/2023 – Global life sciences supplier Cayman Chemical (Cayman) announced today a strategic partnership with Navinci Diagnostics (Navinci), a Swedish biotechnology company developing innovative tools for spatial proteomics. This partnership expands access to Navinci’s portfolio of proximity ligation-based solutions for spatial proteomics to US- and Canada-based researchers through Cayman’s…

Drug Price Transparency Bill Introduced

May 3, 2023

HB 4409, the “Drug Manufacturer Data Reporting Act” was introduced recently by Rep. Steckloff (D-MI-19), as an attempt to seek more transparency and control of drug prices. The bill would require biotech/pharma companies to provide information on a range of expenses including R&D, marketing, clinical development, whether and how much the company received in federal…

Rare Disease Advisory Council – Take 2

May 3, 2023

Rep. Jason Morgan (D- MI-23) introduced HB 4167 late February, the latest attempt to establish a Rare Disease Advisory Council (RDAC) in Michigan. A RDAC would empower rare disease patients as partners in helping to shape policy development relevant to the unmet needs, common struggles, and concerns on equitable, quality, and affordable access to specialty…

Bills To Help Early-Stage Innovators Access Working Capital

May 3, 2023

The House Financial Services Committee, in a marathon session late April, considered a package of 15 bills designed to relieve regulatory burdens and facilitate access to needed capital for biotech startups. Among them were the following: The Equal Opportunity for All Investors Act,which would create a certification exam to qualify as an accredited investor so more…